I See The Light Projected Balance Sheet As of December 31, 20x1 Current Assets Cash Accounts Receivable Inventory Raw Material Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets Current Liabilities Accounts Payable Total Liabilities \begin{tabular}{lr} $ & 54,000.00 \\ \hline$ & 54,000.00 \end{tabular} Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 159,410.00$213,410.00 PART 1 Fixed and Variable Cost Determinations Unit Cost Calculations The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are: Expected increases for 202 When calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 3.50%. 2. Labor Costs are expected to increase by 5.50%. 3. Variable Overhead is expected to increase by 5.50%. 4. Fixed Overhead is expected to increase to $255,000. 5. Fixed Administrative expenses are expected to increase to $56,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.50%. 7. Fixed selling expenses are expected to be $39,000 in 202. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 2.50%. On the following schedule develop the following figures: 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp. 2- 20x2 Projected Variable Unit Cost per lamp. 3- 20x2 Projected Fixed Costs. Variable Manufacturing Unit Cost \begin{tabular}{|r|c|r|} \multicolumn{1}{|c|}{201 Cost } & ProjectedPercentIncrease & 20x2CostRoundedto2DecimalPlaces \\ \hline 16 & 0.035 & $16.56 \\ \hline 2 & 0.055 & $2.11 \\ \hline 2 & 0.055 & $2.11 \\ \hline & & $20.78 \\ \hline \end{tabular} {4.01} {4.02} {4.03} Projected Variable Manufacturing Cost Per Unit {4.04} Iotal Variable cost Per Unit Variable Selling {4.05} Variable Administrative {4.06} Projected Variable Manufacturing Unit Cost Projected Total Variable Cost Per Unit {4.04} {4.07} Schedule of Fixed Costs Fixed Overhead {4.08} (normal capacity of lamps@__) Fixed Selling {4.09} Fixed Administrative Projected Total Fixed Costs \begin{tabular}{|l|l|l|} \hline 201 Cost & ProjectedPercentIncrease & 202 Cost \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} {4.10} {4.11} Cost Volume Relationships - Profit Planning Big Al is about to begin work on the budget for 202 and they have requested that you prepare an analysis based on the following assumptions. Note: Remember, that we cannot sell part of a lamp, therefore to find the number of units you have to round up to the next complete unit. Furthuremore, to find the required sales in dollars it may be easier to find the number of units and then multiply by the selling price per unit. For 202 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution marain ratio for each lamn sold? Contribution Margin Ratio (Round to four places, \% is two of those places \#\#.\#\#\%) For 202 the selling price per lamp will be $45.00. The desired net income in 202 is $195,000. What wnuld sales in units have th he in 202 tn mach the nmfit anal? For 20x2 the selling price per lamp will be $45.00. If the fixed cost increase by $45,000.00 how many lamps muct ho enld th hraskuan? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) For 20x2 the selling price per lamp will be $45.00. If the variable cost increase by $4.50 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) {6.01} For 202 the selling price per lamp will be $45.00. If the variable cost decreased by $4.50 a unit how many lamps must be sold to breakeven? {6.02} If for 20x2 the selling price per lamp is increased to $49.50 a unit how many lamps must be sold in huanlamenms If for 202 the selling price per lamp is decreased to $40.50 a unit how many lamps must be sold tn hrombaime I See The Light Projected Balance Sheet As of December 31, 20x1 Current Assets Cash Accounts Receivable Inventory Raw Material Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets Current Liabilities Accounts Payable Total Liabilities \begin{tabular}{lr} $ & 54,000.00 \\ \hline$ & 54,000.00 \end{tabular} Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 159,410.00$213,410.00 PART 1 Fixed and Variable Cost Determinations Unit Cost Calculations The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are: Expected increases for 202 When calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 3.50%. 2. Labor Costs are expected to increase by 5.50%. 3. Variable Overhead is expected to increase by 5.50%. 4. Fixed Overhead is expected to increase to $255,000. 5. Fixed Administrative expenses are expected to increase to $56,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.50%. 7. Fixed selling expenses are expected to be $39,000 in 202. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 2.50%. On the following schedule develop the following figures: 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp. 2- 20x2 Projected Variable Unit Cost per lamp. 3- 20x2 Projected Fixed Costs. Variable Manufacturing Unit Cost \begin{tabular}{|r|c|r|} \multicolumn{1}{|c|}{201 Cost } & ProjectedPercentIncrease & 20x2CostRoundedto2DecimalPlaces \\ \hline 16 & 0.035 & $16.56 \\ \hline 2 & 0.055 & $2.11 \\ \hline 2 & 0.055 & $2.11 \\ \hline & & $20.78 \\ \hline \end{tabular} {4.01} {4.02} {4.03} Projected Variable Manufacturing Cost Per Unit {4.04} Iotal Variable cost Per Unit Variable Selling {4.05} Variable Administrative {4.06} Projected Variable Manufacturing Unit Cost Projected Total Variable Cost Per Unit {4.04} {4.07} Schedule of Fixed Costs Fixed Overhead {4.08} (normal capacity of lamps@__) Fixed Selling {4.09} Fixed Administrative Projected Total Fixed Costs \begin{tabular}{|l|l|l|} \hline 201 Cost & ProjectedPercentIncrease & 202 Cost \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} {4.10} {4.11} Cost Volume Relationships - Profit Planning Big Al is about to begin work on the budget for 202 and they have requested that you prepare an analysis based on the following assumptions. Note: Remember, that we cannot sell part of a lamp, therefore to find the number of units you have to round up to the next complete unit. Furthuremore, to find the required sales in dollars it may be easier to find the number of units and then multiply by the selling price per unit. For 202 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution marain ratio for each lamn sold? Contribution Margin Ratio (Round to four places, \% is two of those places \#\#.\#\#\%) For 202 the selling price per lamp will be $45.00. The desired net income in 202 is $195,000. What wnuld sales in units have th he in 202 tn mach the nmfit anal? For 20x2 the selling price per lamp will be $45.00. If the fixed cost increase by $45,000.00 how many lamps muct ho enld th hraskuan? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) For 20x2 the selling price per lamp will be $45.00. If the variable cost increase by $4.50 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) {6.01} For 202 the selling price per lamp will be $45.00. If the variable cost decreased by $4.50 a unit how many lamps must be sold to breakeven? {6.02} If for 20x2 the selling price per lamp is increased to $49.50 a unit how many lamps must be sold in huanlamenms If for 202 the selling price per lamp is decreased to $40.50 a unit how many lamps must be sold tn hrombaime